Financial Sector Expert/Senior Financial Sector Expert (LEGF2)

Work for the IMF. Work for the World.

The Legal Department of the International Monetary Fund (the Fund) is seeking to fill a term Financial Sector Expert/Senior Financial Sector Expert position in its Financial Integrity Division (FID). This position is based at the Fund’s headquarters in Washington, DC. Travel to Fund member countries is expected.

The Fund is an international organization with a membership of 190 countries. The Fund’s Legal Department (LEG) aims at promoting and preserving the rule of law and financial integrity which are essential to the Fund in carrying out its mandate.

In fulfilling its mission, LEG provides top- quality, professional advice to the Fund’s Board of Governors, Executive Board, management, and staff, and to the authorities of member countries on Fund law and policy, financial integrity issues, Fund- related administrative issues, and domestic legal and operational policy issues relevant to the Fund’s mandate. The Legal Department employs Counsels and Financial Sector Experts.

LEG offers a unique opportunity to contribute to strengthening and fostering global, regional and country efforts in financial integrity, including anti-money laundering and combating the financing of terrorism (AML/CFT), with a view to promoting the integrity of the international financial system.

FID implements the Fund’s strategy on financial integrity, including (AML/CFT). The work is conducted through two divisions under the overall direct oversight of the General Counsel and Director of the Legal Department and the direct oversight of the Deputy General Counsel in charge of financial integrity matters in LEG. The successful candidate will be assigned to one of the divisions.

Duties and Responsibilities

Under the overall oversight of the General Counsel and Director of the Legal Department, the direct oversight of the Deputy General Counsel, and the direct supervision of the Chief and Deputy of the Division to which the successful candidate will be assigned, the selected candidate will undertake a wide range of substantive policy and technical work in the area of financial integrity as a member of a multidisciplinary team of experts, constituted of legal counsels, financial sector experts and research officers. The successful candidate will also be active in fostering the global dialogue on AML/CFT in coordination with relevant regional and global partners.

More specifically, primary duties and responsibilities will include:

• Providing financial integrity policy and technical advice and related services to Fund departments and member countries;
• Contributing to the inclusion of financial integrity issues into Fund surveillance; Fund-supported programs; and Financial Stability Assessments, consistent with the Fund’s Executive Board decisions and staff guidance, notably by reviewing policy notes and staff reports, conducting analytical work of relevant issues, providing policy and technical advice, and participating in area department missions, as required;
• Assessing countries’ implementation of the international AML/CFT standard, including by participating in or leading relevant missions to assess compliance with the international AML/CFT standard and engaging in or managing related pre- assessment research and post-mission work and reviews;
• Contributing to capacity development activities, including by participating in, managing, or leading inter-disciplinary missions, as required;
• Providing in-depth expertise, undertaking analytical work, and contributing to fostering a global dialogue on financial integrity issues in coordination with relevant regional and global partners;
• Drafting policy papers and reviewing briefing papers and reports to ensure clarity and consistency with established Fund policies;
• Conducting research and analysis on complex policy and technical issues in the financial integrity area; and
• Providing input on policy and operational papers and decision.

In addition to the above, the selected candidate may carry out other assignments as instructed by the Chief or Deputy Chief(s) of the Division.

Qualifications

Candidates will have a relevant academic background, including an advanced degree in economics, finance, law, international relations, business administration, governance, financial sector issues, or a related field. They will also have a minimum of four years of relevant professional level experience with financial integrity issues, including experience at the national or international level, preferably within a national government or an international organization, a specialized domestic entity such as a financial intelligence unit or an AML/CFT supervisor or regulator, with the Financial Action Task Force (FATF) or a FATF-style regional body (FSRB), or with a private sector entity, such as a bank.

Demonstrated experience with topics such as correspondent banking pressures, ML/TF risks associated with FinTech or virtual assets and how to mitigate them, transparency of beneficial ownership, illicit financial flows, and assessing money laundering and terrorist financing risks (including gathering, using, and interpreting data, including big data) would be a distinct advantage.

Candidates will also possess a deep understanding and practice of financial integrity issues and architecture at an international level, and a solid knowledge of Fund policies related to surveillance and conditionality.

In addition to quality education and experience, this position requires excellent oral and written communication skills in English; strong analytical and time management skills; sound judgment; diplomatic skills necessary to liaise with government officials; an ability to develop strong relationships with others (including as part of inter-disciplinary teams), country counterparts and international organizations; and excellent skills at working collaboratively with colleagues at all levels and of different cultural backgrounds.

Knowledge of languages other than English (e.g., Arabic, Chinese, French, German, Russian, Spanish, Portuguese) with professional-level fluency would be an asset.

All applicants are expected to include a Statement of Interest as an attachment to the application, which may be used in the screening process for this vacancy.

This vacancy shall be filled by a 3-year Term appointment in accordance with the Fund’s new employment rules that took effect on May 1, 2015.

Department:

LEGF2 Legal Department Financial Integrity Division 2Hiring For:

A11, A12, A13, A14The IMF is committed to achieving a diverse staff, including age, creed, culture, disability, educational background, ethnicity, gender, gender expression, nationality, race, religion and beliefs, and sexual orientation.